Equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis [[electronic resource] /] / Jorge A. Chan-Lau, Estelle X. Liu, and Jochen M. Schmittmann

• Autore: Chan-Lau Jorge A
• Pubblicazione: Washington, DC, : International Monetary Fund, 2012
• Descrizione fisica: 1 online resource (23 p.)
• Soggetto topico: Capital market; Investments
• Soggetto genere / forma: Electronic books.
• Altri autori: LiuEstelle X SchmittmannJochen M
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Cover; Contents; I. Bank Equity Performance during the Recent Crisis; Figures; 1. U.S. and European Banks Price Indices; 2. European Banking Sector Indices, January 2006=100; II. Literature Review; III. Data and Variable Definitions; 3. Excess Equity Returns in the Banking Sector; 4. Sovereign Risk vs. PMI, monthly changes; IV. What Explains Equity Returns in the Banking Sector?; Tables; 1. Banks' Equity Returns: Model Specifications; 2. Banks' Equity Returns: Different Sample Periods; 3. Banks' Equity Returns: United Kingdom, United States, and Japan ; 4. Banks' Equity Returns: Euro Area CountriesV. Do Bank Characteristics Matter for Explaining Equity Returns?; 5. Banks' Equity Returns and Bank Characteristics; 6. Banks' Equity Returns and Standard Vulnerability Indicators; VI. Conclusions; References; Appendix: I. List of Banks
• Sommario/riassunto: This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment. While the equity return performance in the banking sector has been dismal in general, better capitalized and less leveraged banks have outperformed their peers, a finding that supports policymakers' efforts to strengthen bank capitalization.
• Titolo autorizzato: Equity returns in the banking sector in the wake of the great recession and the European sovereign debt crisis
• ISBN: 1-4755-7793-1; 1-4755-2545-1
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910461964103321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers